New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-09
THURSDAY, Sept. S-P. n.

THURSDAY, Sept S-P. n
Below print the official statement of the gross
ings in August, 1856 and 1887, and OF months in
the respective years OF the New-York Central and
Hudson River Railroad Company. It Is q remarkable
exhibit, showing gain for August OF this year OF
$35347 1t is still more when the gross earn
ings the month Of 32D set against
81 950 "a for the earnings of The NewYork Central in
August 1885, and about $500 600 for those Of the West
Shores total for both In August 1885, about 81
against 49, 332, 321 for the mileage now. The in
crease In the gross earnings OF the two months Of tho
yearover the earnings July and Augstof 1896
$452919. At least 60 per cent OF this increase
should be gain to the net earnings For the quarter
ended September 80, 1885, the company's surplus ap
plicable to payment Of dividends on the stock was
9125s6; equal to 214 per cent The increase in the
gross earnings for the two months Of the current quarter
indicate surplus for the whole quarter equal to at least
81 per cent the stock
The postage paid by the leading foreign bankers
on its mail by last Saturdays steamers amounted TO
over $780, and 1t American railway securities that
made up the bulk Of its mail which required
to carry 1t from the Office in Exchangeplace to the post
Office Responsive to that and other shipments OF secur
ities in addition to the gold the way something
like 100000 ordered to be shipped by steamers
sailing from Europe between now and Saturday Sixty
day sterling exchange at 81 20 L. supposng 1t may
be discounted at per cent its arrival In London 10
the equivalent Of only 81 go 34 for sight bills To-day
to H. The Bank Of England rate for discount has
little effect upon the movements OF gold this way, unless
1t becomes exorbant at to 10 per cent? 1t follows tho
movement and does not direct It, Although the banks
weekly statement shows largo loss Of god the ratio Of
Its reserves TO its liabilities was increased.
In stock market the disposition to realize the
accrued profits Of the last week was pronounced
feature Of todays dealings And whenever the bears"
discovered such disposition they added their mites BY
short sales to aid the depression OF values There
a continuous pounding of prices all day; that to-
gether With the natural reazaons gave to the market
feversh and unsettled tone 1t was dull market; tho
transactions at the Stock Exchange aggregated only
2S7s34 shares But after all the reazatons and tbs
hammerng the final results In the way OF depression arc
Insignificant and many of the stocks closed higher than
last evening Some took the actual sales Of stocks
we'll the contracts for short" stocks which were
put out. Although In the early hours the market
promised damaging Developments the day closed
without the announcement OF single failure or assign
ment Considering. the advance in prices since week
ago to-day and the tremendous efforts made depress
values tO-days stock market exhibited phenomenal
strength, and 1t closed strong with larger short
interest tonight than existed at the close OF business
Yesterday.
Government bonds dull and lower with the bids
for the As and 42s of 4 per cent Annexed are the
closing quotations.: